US spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows in the reported week, their largest weekly withdrawals since late June. The withdrawals brought their net outflows for the year to about $919 million, according to SoSoValue. BlackRock’s IBIT had six consecutive trading sessions of net outflows, with about $1.44 billion withdrawn since Oct. 30; Fidelity’s FBTC drew about $93 million in net inflows for the week.
Bitcoin traded at $74,049 at publication, according to CoinGecko. Bitfire Research said a sustained break below the $74,400–$75,000 range could lead to further selling.
